Stocks in which Mutual Funds increased their stake in February to keep an eye on

Mutual funds invested a total of Rs 36,200 crore in stocks in the Indian secondary market. To manage their portfolios effectively, mutual fund managers make adjustments by adding or removing stocks every month. This active approach helps them optimize the performance of the fund according to market conditions and investment goals.

Here are some stocks that saw buying from Mutual Funds in the month of February

According to the latest report by Nuvama Alternative and Quantitative Research, Mutual funds bought shares across various segments in the Indian market in February. 

1. Hexaware Technologies Ltd

The shares of Hexaware Technologies Ltd, with a total market capitalization of Rs 45,738.14 Crore as of Thursday, closed at Rs 752.65 per share, which was 1.83 percent lower than the previous close of Rs 766.65. 

This IT company, which provides AI-based digital and technology solutions, made its debut in the markets in February 2025. Fund houses bought shares of Hexaware Technologies Ltd, worth Rs 4,200 crore during and after its listing.

The company specializes in providing IT consulting, cloud services, data and AI solutions, software development, and enterprise platform services across various industries, including banking, healthcare, manufacturing, retail, telecom, and transportation. With an annual revenue of USD 1.4 billion, the company operates 58 offices globally and employs over 31,000 people worldwide. 

2. Varun Beverages Ltd 

The shares of Varun Beverages Ltd, with a total market capitalization of Rs 1.65 Lakh Crore as of Thursday, closed at Rs 487.9 per share, which was 2 percent higher than the previous close of Rs 478.35. The shares of Varun Beverages Ltd generated a strong three-year return of 302 percent and a stellar 684 percent return in the past five years. 

Though the shares of VBL are down 30 percent from its 52-week high, it attracted the interest of Mutual fund houses. Fund houses bought shares worth Rs 1,600 crore of Varun Beverages Ltd.

Varun Beverages Limited is a leading PepsiCo franchisee globally, manufacturing and distributing a wide range of carbonated and non-carbonated beverages. It operates across 27 states and 7 Union Territories in India, covering about 90 percent of PepsiCo India’s beverage sales, and holds franchise rights in Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe.

Mutual fund houses also made key additions to several small-cap stocks, including TeamLease Services Ltd with an investment of Rs 300 crore, Ajax Engineering Ltd with Rs 300 crore, and Welspun Enterprises Ltd with Rs 100 crore.

Written By Adhvaitha Nayani

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